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. >> the obama administration is facing serious questions whether the deaths of the four men could have been prevented because of ongoing security concerns. the state department official says the u.s. is drawing down its staff and embassy in libya's capit capital. >>> we just got word mitt romney will have a phone call conversation with benjamin netanyahu and so will president obama. it comes two days after president obama stood before the united nations and warned against a nuclear iran. yesterday, netanyahu underscored iran having a nuclear bomb and shrugged off. he said the world may be months away from the point of no return. >> where should a red line be drawn? a red line should be drawn right here. befo before, before iran completes the second stage of nuclear enrichment necessary to make a bomb. before iran gets to a point where it's a few months away or a few weeks away from amassing enough enriched uranium from making a nuclear weapon. >> mahmoud ahmadinejad accused israel of carrying out a campaign of ethnic cleansing. netanyahu fired back saying the state hood of palestinians cann
's the issue with 2011 here? >> well, look, obama has said i'm going to tax rich people and implying he's not going to tax you. in fact, he passed tax increases on average income americans many many times during his presidency. there are 20 different taxes in obama care that we will all be paying. in addition to that, of course obama's new promise that he won't tax rich people, he's got a new term limit on it, 12 months. only next year, after that we could have a vat or other things. so if you are obama and you intend to allow the bush tax cuts to lapse, so there's a 500 billion dollars tax increase on low income people, middle income people, all americans, you want to talk about anything other than the tax increases that you have scheduled. i mean he's running up trillions of dollars of debt over the next deca decade, according to his budgets. the only way he pays for them since he's not cutting spending is to raise taxes on everyone. what do they want to do? oh gee what did romney pay in taxes four or five years ago? that has nothing to do with anything. we ought to be reducing taxes
reserves of shale gas. and spokesman for mitt romney says the obama administration should formally their china a currency manipulator. semiannual report due on the topic released by treasury in mid october. >> it had stopped for a while and yuan was slowly moving up, but then with all the pressures with their economy, it's kind of turned around. >> when you start messing around with china as a political football on either side, election nearing and -- >> and tensions between china and japan got pretty bad. i heard the lexus is going to be slowing down production because wealthy people don't want to buy a japanese luxury sedan. >> a lot of people that were wealthy aren't quite as wealthy as they used to be. i think trump was always railing about china, too. >> in other news out of washington, the white house is reportedly prepare to go direct federal agencies to develop guidelines for owners of power, water and other infrastructure facilities. it would give the agencies 90 days to propose new regulations and create a new cyber security council at the department of homeland security.
the math doesn't work. >> you're the master of the budget. so let's go through the plan. the obama camp says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years. true? >> not in the least bit true. >> how much would it cost? >> its revenue neutral. >> i'm just talking about the cuts. we'll get to the deductions. >> the cut in tax rates is lower all americans tax rates by 20%. it's revenue neutral. >> it's not revenue new pral unless you take away the deductions. the first half, lowering the tax rates, does that cost $5 trillion? >> no. look, i won't get into a baseline art with you but that's what a lot of this is about. lowering tax rates by broadening the tax base works. and you can -- let me finish. >> you haven't given me the math. >> i don't -- it would take me too long to go through all of the math. >> i got to tell you, what did you think of that? i thought that was unbelievable. >> why? >> first of all, it was on fox which we all have views on what you think fox will do. second of all, i think he has no details. >> i don't agr
. >>> still to come this morning on squawk, president obama, mitt romney and their respective campaign staffers hitting the airwaves. we'll have some of the highlights. and in the next hour, we have two of the world's most renowned scholars in the field of energy. why they argue that the situation in iran could be a game changer for crude prices. meantime, iranian hackers are have said to have attacked jpmorgan and citigroup. we'll talk cyber security. and ask's michael fertik is the nation's banking system is at risk. ffrs . >>> tomorrow on "squawk box," an hour with our guest host barry diller who ran pariramount and fox. we'll talk politics with jeb bush. at optionsxpress we create easy-to-use, powerful trading tools for all. like our all-in-one trade ticket. we put strategies, chains and positions all on one screen. start trading today with optionsxpress by charles schwab. >>> last night both mitt romney and president obama were on "60 minutes" and this was a chance to see both of the candidates. it was a very interesting way of watching about it, among the topics th
to build that into our model and say that's not going to change. so if obama gets elected they stay in. if romeny gets elected which he won't then he can't necessarily change it so let's just build that those tax cuts are gonna expire at the end of the year period. the one thing that i can tell you that is very troublesome to me as i look at prices, as i look across as i look at hog prices priced for next summer, i look at cattle prices, i look at grain prices and that is that why is it that we ignore the food and energy component of cpi? so, i could be ben bernanke's speech writer because he says the same thing every time he goes in front of the senate is we don't see any particular problem with inflation. really, we don't corn prices just nearly double in three months. so, how is it there is no inflation? >> reporter: do you get any sense that the ethanol mandate is going to change under either administration under obama or if romney would get elected? >> well is sure seems like the word ethanol has turned into a pejorative and it's not exactly the most positive topic. i just don't k
.2 million on his office. the decorator decorated the white house. >> the obama's brought him inned too the white house. >> yes, whatever the guy was; a $1400 parchment paper waste waste wastebasket. >> oh, charlie. >> that's where we are now. he's shopping. they have not called me back. >> that's shocking. your eye is healed. >> he did not take a shot at me. >> okay. >> that was just the guy on the street. congratulations. charlie, thanks so much. all right. let's talk politics. mitt romney's 2011 tax returns are public. is he paying the fair share? help or hurt the campaign? up next the economic writer, steven moore, on romney's battle for the white house. >> first, a look at winners and losers on the s&p500 as we head to break. international paper topping the list at about 3.5%. we'll be right back. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah
a lot. >>> the united general assembly's 67th session opens today with president obama getting ready to take the stage at any moment. conflict in the middle east will be one of the key topics of his speech. we are at the white house and joined with a quick preview. >> reporter: two main subjects on the aden gentleman going to the yutss today. we are going to talk about the violence in the muslim streets that culminated into the american ambassador to libya. and he'll talk about the nuke lower armed iran. i was going to say there are no words for the innocence of the killing we have seen. there's also no video to justify an attack on an embassy. there's no slander that provides an excuse for people to burn a restaurant in lebanon or destroi a cool in tune this -- he does not think that the united states can live with the nuclear armed iran. carl, one point to think about as we think about the president's remarks here, he's been under fire f, and the obam camp is making an important issue, obama is clearly walking a tightrope today and doesn't want to threat up his re-election chances.
in the lottery. 3 the clook is ticking down to the first presidential debaae... between president obama and mitt romney. romnee. both candidates are getting ready to go head-to-head forrthe first time on weenesday.over the weekend... the president headdd to las vegaa for a ccmpaign event... while rrmney attended church in massachuustts.thh two will face off innddnver... wednesday night. small,,fuel efficiint city could be on the road to owning more than a dozen new electric cars. joel d. smith is live at the dealershiipwith thh unique vehicles you could see on city roads very soon.good morning 3 3 3 simon cowell takes his search for talent... in a different judge is looking or... in an uppoming show. 3and ""ealthy city dayss... pegins you can get involved... coming up in ur're watching fox 45 mooning news.. all local.. all morning. ((bump out)) ((break 11) hey, what are you drinkin'? pumpkin coffee for the morning. and i've got my pumpkin k-cup packs for at home. now i can have my pumpkin coffee any time i want it. pumpkin's perfect. it's dunkin' with the press o
contributors to barack obama. so let's focus on the left side of the aisle this morning. we're using fresh data here from the center for responsive politics, focusing on donors who gave to groups that contribute some or all of their money to the presidential race. we're going to start with number five, jeffrey katzenburg, the ceo of dreamworks. he and his company have been lobbyists for a lot of copyright companies in washington as well as protection against china. katzenberg attended a lunch with biden and top chinese officials. after that, dreamworks has a jv with the son of china's president. going on to our number four on the list is jim simons. he is the founder of renaissance technologies. and he is the richest of the democratic dee nonors with a ne worth of $11 billion. education is a big issue for the democrats. math education and reform of public education, big issue for jim simons, who i'm sure will be a big voice for democrats. remember, president obama's change of position on gay marriage this summer, shortly after that, he got a big check from a guy named jon stryker, architect in
and it will limit the upside for next year. >> is there a point at which you see obama in the polls and you say actually now i believe that we are going to get the tax hikes and the market should fall? there must be a watershed quite soon as we head towards particularly what happens in the house and the senate. >> our focus has been on the senate. we think that's what's going to mostly influence the outcome. i hope there's appetite to see the rates low. i don't see a benefit from raising them. i would call a coin toss on the senate outcome. but wiser minds will see the wisdom of helping the fed in its efforts to stimulate asset prices by not onerously raising taxes on the most important asset class other than homes. >> have you actually calculated a number? you said it would give back some of the rally. but is there a number or a percentage? >> 12-month price target is 1,500. we've written in our research that 1,600 would be a reasonable 2013 end. i need to see an acceleration in global growth. >> contingent on both, not just the tax issue? >> both. somewhere between 1,500 and 1,600. >> david,
sea mines that might be set down by iran in a future war. >>> despite calls for calm from the obama administration, the situation is also getting quite a bit hotter in the east china sea. four chinese ships moved into what japan considers its territorial waters today. the japanese government immediately filed an official protest. the chinese ships quickly exited the disputed waterway. last week you might recall we first told you about the fight between japan and china over islands and fishing rights in that particular area. ty? >> all right, sue. just heard diana's report on home builders. huge numbers from lennar and now one wall street firm is saying hold your horses. they are not alone. wednesday on cbs, don't forget we've got an exclusive interview with the ceo. we'll give you his answers to your questions on wednesday. we'll be right back after this. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having y
Search Results 0 to 17 of about 18 (some duplicates have been removed)